Information Provided By: 
Fly News Breaks for September 15, 2015
IP
Sep 15, 2015 | 07:08 EDT
BofA/Merrill analyst George Staphos downgraded International Paper to Neutral. Staphos said his positive thesis is largely played out and China's recent devaluation places increased risk on supply and pricing on several of International Paper's product, including pulp and containerboard. Staphos lowered his price target on shares to $46 from $53.
News For IP From the Last 2 Days
IP
Apr 26, 2024 | 07:53 EDT
Wells Fargo lowered the firm's price target on International Paper (IP) to $37 from $42 and keeps an Equal Weight rating on the shares. While improving containerboard fundamentals are positive for International Paper, Wells believes the DS Smith (DITHF) merger remains an overhang, the analyst tells investors in a research note. In addition, the firm says it remains unclear how long or what level of return is associated with increased spend across the company's Industrial Packaging operations.
IP
Apr 25, 2024 | 07:04 EDT
Reports Q1 revenue $4.62B, consensus $4.56B. "International Paper made progress executing our strategic initiatives in the first quarter,'' said Mark Sutton, chairman and CEO. "We saw commercial benefits from our business strategies, as well as cost benefits from mill system optimization. Although costs remain elevated and volumes were seasonally lower in the quarter, market trends continue to improve."
